Why is teen auto insurance or car insurance mandatory?
Steve Iser : Why is teen auto insurance or car insurance mandatory in most countries all over the world? Why should we not get cheap car insurance if it is mandatory?
Teen auto insurance or car insurance mandatory
Response : Teen auto insurance or car insurance mandatory in most countries since unfortunately seen the experience is that there are lots of auto accidents. Unfortunately when an accident occurs the liability is very high especially if someone is injured, it is a catastrophic injury or some one dies. The cost of liability is very high which would ruin any person financially and at the same time the person who is not at fault would suffer though he is not at fault. The financial downfall of the households leads to the down fall in the economy and thus the nation. The same effects can be seen because of the mortgage collapse in USA presently. Thus auto insurance became compulsory. It is in a way to ensure that the persons who are driving the cars on the roads are more careful.
Below are some of the statstics given by the Insurance Institute of high way safety :
Motor vehicle crashes are the leading cause of death for individuals between the ages of three and 34 except for seven-year olds (based on 2005 data).
A motor vehicle death occurs on average every 14 minutes and an injury every 13 seconds. About 102 people died each day in motor vehicle crashes in 2008.
Since the first documented crash death in 1899, more than 30 million people worldwide have died in traffic crashes.
From the above data you will understand and agree that teen auto insurance or car insurance should be compulsory. How many under 25 years old will have millions of dollors to compensate for any loss or fatality that they cause due to negligent driving?
Cheap car insurance
Once again the above statastics speak for themselves that the auto accidents are so high that even if it is mandatory the claims payable for this are so high that the insurance premiums would directly follow the claims and the insurance companies expenses in settling the losses. The legal expenses are increasing which leads to higher expense rates for the insurance companies and ultimately the clients pay. This is one basic reason why cheap car insurance needs to be searched for. There are many other inter-related financial and technical reasons also to why auto insurance are not cheap.
For your benefit, let me tell you that it is always advisable to compare teen auto insurance online and get your cheap car insurance quote. Atleast you can make informed decisions.
Thanks.
Kamlesh
Teen auto insurance
an, I would say that getting a teen auto insurance quote and a cheap car insurance quote for that matter is just the most simplist thing you can do. Now, it is not a waste of time, energy or money with the internet and online facilites. You can even gift your young driver cheap car insurance quotes as a birthday present.